OLD NEWS: Steve Jobs Talks About Starting Company in Silicon Valley
Transcript
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Like many young Californians, Stephen Jobs has a penchant for the western casual and a love of the scenic outdoors.
And in the Silicon Valley, Jobs is the classic example of the computer industry's philosophy, which says, take a chance, you've got nothing to lose.
Six years ago, working in this garage, Jobs and a high school classmate quit their positions at large electronic companies,
and using tiny silicon chips, built this small computer board.
It became the technical core of the Apple computer and led to a quarter billion dollar business and the most popular typewriter sized computer on the market today.
Jobs is now only 26 years old, is Apple's chairman of the board, and is successful, he says, because of the Silicon Valley's entrepreneurial risk culture.
The penalty for failure for going and trying to start a company in this valley is non-existent.
There really isn't a penalty for failure, either psychologically or economically,
in the sense that if you have a good idea and you go out to start your own company,
even if you fail, you're generally considered worth more to the company you left
because you've gained all this valuable experience.